Table 15.1.
The Market for Francs

-Refer to Table 15.1.If monetary authorities fix the exchange rate at $0.30 per franc,there will be a:
A) Shortage of 200 francs
B) Shortage of 400 francs
C) Surplus of 200 francs
D) Surplus of 400 francs

Question

Table 15.1.
The Market for Francs
 
-Refer to Table 15.1.If monetary authorities fix the exchange rate at $0.30 per franc,there will be a:
A) Shortage of 200 francs 
B) Shortage of 400 francs 
C) Surplus of 200 francs 
D) Surplus of 400 francs

Quizplus · Accepted Answer

The Answer of Table 15.1.
The Market for Francs
 
-Refer to Table 15.1.If monetary authorities fix the exchange rate at $0.30 per franc,there will be a:
A) Shortage of 200 francs 
B) Shortage of 400 francs 
C) Surplus of 200 francs 
D) Surplus of 400 francs

Table 15.1. The Market for Francs